The Ministry of Economic Development forecasts an average annual dollar exchange rate of 76.7 rubles/$ in 2022, 77 rubles in 2023, 78.7 rubles in 2024, and 2025. – 81 rubles.

As a representative of the ministry told reporters, such figures are included in the basic version of the main parameters of the scenario conditions of the macroforecast for 2022-2025, which are agreed with the Ministry of Finance and submitted to the government.

At the same time, the Ministry expects the peak of the ruble strengthening in the second quarter, and further weakening to 76 rubles per dollar by the end of 2022.

The Ministry of Economic Development in its forecast on the ruble exchange rate includes the weakening of restrictions on foreign currency earnings of exporters, reported a representative of the department.

“We proceed from the fact that the second quarter of 2022 is the peak of ruble strengthening. As oil and other commodity prices decline, the current account surplus will shrink. Imports, capital flows will gradually adapt to the new conditions. We assume that the restrictions on foreign currency earnings will inevitably weaken, and, of course, we expect domestic demand to recover. In the base case, we assume a gradual weakening of the exchange rate to 76 rubles per dollar by the end of 2022,” the ministry representative said.

“In the medium term in the base case, the exchange rate will stabilize in real effective terms and gradually weaken in accordance with the inflation differential. The average annual dollar rate for the next three years (2023-2025) is about 77 rubles, 79 rubles and 81 rubles,” he added.